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MUMBAI: The Sensex is witnessing a lackluster session as wary traders remained on sidelines in the absence of cues from Asian peers. The trade is expected to remain rangebound with negative bias in the run-up to the Union Budget, say dealers.

At 01:20 p.m.; the 30-share index was at 19,457.98, down 26.79 points or 0.14 per cent. It touched a high of 19,543.44 and a low of 19,450.47 in trade today.

The Nifty was at 5,905.05, up 1.55 points or 0.03 per cent. It touched a high of 5,924.15 and a low of 5,879.10 in trade today.

"Prices have settled below the support of the medium-term rising trend line near 5,940 while the momentum in short-term oscillators is weak. Hence, Nifty could continue to remain subdued and test the supports at 5,840 and even the 100-day EMA near 5,800 in the coming 3-4 sessions. On the higher side, resistance is seen at 5,940 and then near 5,979. Only an immediate close above the latter could lead way for a recovery in prices negating further weakness," said Aditya Birla Money report.

The BSE Midcap Index was up 0.11 per cent and the BSE Smallcap Index was 0.16 per cent lower.

Among the sectoral indices, the BSE Realty Index was up 1.36 per cent, the BSE Healthcare Index gained 0.72 per cent, the BSE Bankex was 0.48 per cent higher and the BSE Metal Index gained 0.43 per cent higher.

The BSE Capital Goods Index was down 0.48 per cent, the BSE IT Index fell 0.21 per cent and the BSE FMCG Index was 0.17 per cent lower.

ONGC will be announcing its third quarter results today. According to ET Now poll, the oil & gas major net profit is likely to decline 22 per cent to Rs 5,200 crore against a net profit of Rs 6,741 crore in the corresponding quarter a year ago. Net sales are seen at Rs 20,535 crore, up 13 per cent, as compared to Rs 18,123 crore in the same quarter last fiscal.